Harbin Hatou InvestmentLtd Valuation

Q: What is the Fair Price of 600864 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600864 (CN¥6.49) is trading below our estimate of [[fair value]] (CN¥91.31)

Is 600864 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600864 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600864 (CN¥6.49) is trading below our estimate of fair value (CN¥91.31)

Significantly Below Fair Value: 600864 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600864?

Key metric: As 600864 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600864. This is calculated by dividing 600864's market cap by their current earnings.
What is 600864's PE Ratio?
PE Ratio	30.9x
Earnings	CN¥436.96m
Market Cap	CN¥13.50b

600864 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.9x
Enterprise Value/EBITDA	12.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 600864's PE Ratio compare to its peers?

The above table shows the PE ratio for 600864 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	25.8x
600167 Luenmei QuantumLtd	19.2x	15.0%	CN¥13.7b
600461 Jiangxi Hongcheng EnvironmentLtd	10.7x	7.7%	CN¥11.9b
600323 Grandblue Environment	10.7x	7.8%	CN¥17.6b
601158 Chongqing Water GroupLtd	62.8x	24.1%	CN¥23.5b
600864 Harbin Hatou InvestmentLtd	30.9x	n/a	CN¥13.5b

Price-To-Earnings vs Peers: 600864 is expensive based on its Price-To-Earnings Ratio (30.9x) compared to the peer average (25.8x).

Price to Earnings Ratio vs Industry

How does 600864's PE Ratio compare vs other companies in the CN Water Utilities Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap
000692 Shenyang Huitian Thermal PowerLtd	1.8x	n/a	US$260.98m

No more companies available in this PE range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: 600864 is expensive based on its Price-To-Earnings Ratio (30.9x) compared to the Asian Water Utilities industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is 600864's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600864 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	30.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 600864's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

ENN Natural GasLtd

CN¥57.7b

Engages in natural gas distribution, trading, storage, transportation, production, and engineering in China.

600803

CN¥18.77

-1.4%

16.4%

Shenzhen Gas

CN¥21.1b

Provides urban gas, natural gas, and LPG energy.

601139

CN¥7.34

-1.1%

9.2%

Beijing Jingneng Power

CN¥24.2b

Produces and sells electric power and heat products in China.

600578

CN¥3.61

-2.2%

21.5%